The government yesterday announced that it was bringing forward planned changes to the state pension age, and was accused of trying to “bury bad news” by releasing the announcement on the same day as BBC salaries were revealed. But, once the dust has settled, will the changes affect your retirement? The Telegraph digs into the detail to help you assess what the effects may be –
“Who does this affect? The six million affected people are aged between 39 and 47 today… Under the previous plans, those born since April 6 1978 faced a state pension age of 68. Based on the new plan, those born since April 6 1970 and April 5 1978 will be included as well. This includes both men and women. At present, the state pension age is 65 for men and 64 for women. The latter will keep steadily rising every few months and the age will equalise at 65 for men and women in 2018.”
They also include a handy table in the article to make things clearer.